Half Year 2019 Royal Bank of Scotland Group PLC Earnings Call Transcript
Good morning. Thank you all for joining, a rather cozy room, standing room only. I don't know if that's a good sign or bad.
In the first half of this year, the banks faced another period of economic and political uncertainty, and you all know the reasons for that. The subdued outlook for interest rates is affecting all banks, indeed all financials I would say. Global economic growth prospects are less favorable than they were at the beginning of the year. There are trade tensions. Relationships between China and the U.S. continue to be strained and we saw further evidence of that last night. All of these things are affecting market confidence.
Against that backdrop, we have continued to deliver bottom line profitability and plan to return more capital to our shareholders including, of course, to the U.K. government and taxpayer.
Of course here, uncertainty around Brexit continues. As far as the bank is concerned, our preparations are in place with our Amsterdam and Frankfurt offices operational
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